It's been a great 2007 for our dividend growth strategy, and we're looking forward to another great year in 2008. Although we're currently expecting a modest year for stocks in general of 8-11%, we expect our total return with dividends to reach 12-15%.
If we get a recession it is obvious that goal will not be met, but we should get superior relative performance in an economic downturn.
My prediction is a flat market for the first four to six months and much stronger in the second half, but it is only a guess. Truth be told, does it really matter? If our holdings maintain a high QDV, then our performance expectations are met. If we get a recession, I expect our portfolio QDV would drop to around 15% from our current level of around 22%. Still, this is a very decent level of dividend growth.
I hope you have a happy and prosperous 2008!
If we get a recession it is obvious that goal will not be met, but we should get superior relative performance in an economic downturn.
My prediction is a flat market for the first four to six months and much stronger in the second half, but it is only a guess. Truth be told, does it really matter? If our holdings maintain a high QDV, then our performance expectations are met. If we get a recession, I expect our portfolio QDV would drop to around 15% from our current level of around 22%. Still, this is a very decent level of dividend growth.
I hope you have a happy and prosperous 2008!
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